An investment and management company with exclusive focus on the mining sector in Kazakhstan and Central Asia.

We offer unique access to the best assets and high quality of management.

We invest in mining projects with the highest potential and developing advanced enterprises on that basis

We build strong, trusting, long-term relationships with our partners, based on deep technical knowledge, professionalism and transparency in everything we do

Resources Capital Group (RCG) was established in March 2012 by a team of experienced mining and investment professionals.

RCG delivers investment returns to investors by way of a rigorous investment process targeting the best reserves, professional project and technical management up to the production start-up phase, arranging financing (equity and debt) and exit.

  • 2012

    Establishment of Resources Capital Group

  • 2013

    Almaly deposit (Cu): acquisition of exploration contract

    Maksut deposit (Cu-Ni): purchase of deposit

  • 2014

    Takyr (Au) deposit: acquisition of exploration contract

    Zhannet (Mo) deposit: pre-investment assessment

    Kurumsak (Wa) deposit: pre-investment assessment

  • 2015

    Almaly deposit (Cu): construction and commissioning of processing plant

    Maksut deposit (Cu-Ni): IPO of the first junior mining company on KASE

  • 2016

    Almaly deposit (Cu): sale to a strategic investor

    Berkara (Cu) deposit: acquisition of exploration contract

  • 2017

    Maksut deposit: Launch of MPP

    Maksut deposit: SPO on SPBEX

    Alexandrovskoye (Cu-Zn) deposit: acquisition of an exploration contract

    Samarskoye (Coal) deposit: acquisition of a production contract

  • 2017-2019

    Maksut (Cu-Ni) deposit: sale to a strategic investor

    Chumek (Fe) deposit: purchase of an exploration contract

    Berkarinskoye (Cu) deposit: arranging bank loan

    Saran deposit (WO3): acquisition of an exploration contract

  • 2020

    Alexandrovskoye deposit: arranging bank loan

  • 2021

    Berkara (Cu) deposit: start of construction of extraction and electro-winning plant (SX-EW)

    Kuzhal (Pb-Zn) deposit: acquisition of interest in company

  • 2022

    Samara deposit: PFS preparation

    Akmaya deposit (WO3): acquisition of an interest in company

    Kiikbay (Au) deposit: acquisition of an interest in company

  • Years

    10 of experience
    More than 10 years in the mining industry in Kazakhstan

    of experience

  • investments

    11 projects
    11 projects in the mining industry

    projects

  • assessed

    300+ projects
    in Kazakhstan and CIS countries

    projects

  • under management


    Projects with total investments over $500m $500 mln

    mln

  • new jobs created

    1500 over 1500 new jobs created

  • built and commissioned

    3
    facilities built and commissioned with our participation

  • expertise in over

    25
    minerals (ferrous, non-ferrous, precious and other metals)

  • projects being managed

    12
    mining projects being managed

Structured investment assessment process and clear decision-making procedures

Deep technical competence of the Investment team

Access to a wide range of assets, geological information in the region

WIDE RANGE OF FUNCTIONS AND IN-DEPTH EXPERTISE

Clear processes and international standards for management of mining projects

High concentration of competence, knowledge and talent

Deep integration into the mining community across the region

Our mission: Create market-leading businesses by creatively realizing potential of each project

Our values:

  • RESULTS ORIENTATION

    RESULTS ORIENTATION

    Not only we achieve success in individual areas of the company, but first and foremost the success of the entire team and the Company,
    We do not let difficulties get in our way; we set clear goals and achieve them
  • Team
    work

    Team work

    We support each other in the desire to develop and fully unleash our potential
    We value mutual commitment, collaboration and the achievement of common results
  • HIGH QUALITY STANDARDS

    HIGH QUALITY STANDARDS

    We strive for excellence and professionalism in everything we do,
    We invest in the continuous development of competences and internal standards
  • SUSTAINABLE
    DEVELOPMENT

    SUSTAINABLE DEVELOPMENT

    We respect the environment and are responsible for the social development of the regions in which we operate

Our advantages:

  • IN-DEPTH TECHNICAL EXPERTISE

    IN-DEPTH TECHNICAL EXPERTISE

    RCG's team consists of 55 highly skilled professionals in exploration and mining geology, geological modelling and mineral resource estimation, mining engineering, processing and beneficiation, valuation and financial modelling, and integrated project management.
  • COMPETENCES BASED ON PRACTICAL EXPERIENCE

    COMPETENCES BASED ON PRACTICAL EXPERIENCE

    As a management company, RCG provides comprehensive management from the sourcing / analysis phase through to project launch:

    comprehensive technical / investment analyses of projects; elaboration of project development strategy; organising and coordinating the implementation of the project development strategy; development of digital models, block models, quarry models, preparation of financial and economic reports, feasibility studies, pre-feasibility studies, etc. Recruitment and creation of the project and operational team, fundraising
  • APPROACHES BASED ON INTERNATIONAL BEST PRACTICES

    APPROACHES BASED ON INTERNATIONAL BEST PRACTICES

    To maximise investment returns, we implement an approach to the search and review of potential projects and the development of portfolio projects based on comprehensive and systematic processes, high international standards, and advanced industry software solutions.
  • HIGH INTERNAL STANDARDS OF PROJECT MANAGEMENT

    HIGH INTERNAL STANDARDS OF PROJECT MANAGEMENT

    RCG's project management standards, knowledge and accumulated experience enable RCG to embark on a promising project at any stage, from building a strong and motivated team for each project, through field and desktop work, engineering design and production start-up

Our Team works within an internal project management standard based on international best practices such as IPMA, PMI which allows a step-by-step and quality development of projects from investment concept development and implementation to detailed design and construction.

Screening,

Negotiation,

Pre-investment due diligence,

Final investment appraisal,

Closing of the transaction (transfer of the project to the portfolio of the Management company)

INVESTMENT PROCESS

Planning,

Field work,

Basic pre-project work,

Pre-design work,

CBA,

Investment decision to move to the next phase

SCOPING
STAGE

Planning,

Fieldwork,

Pre-project work,

Pre-design work

Pre-feasibility study,

Investment decision to move to the next stage

PFS STADY

Planning,

Fieldwork,

Pre-design work

Project work,

feasibility study,

Investment decision to move to the next stage

FS STADY

Planning

Detailed design

Preparatory work for construction

Construction

Pre-commissioning

Mining

Plant start-up

DETAILED DESIGN AND CONSTRUCTION

Profit

  • wo

    project May (Scoping) Source (M&I):
    27,6 ths. t.. WO3
    grade: WO3 - 0,25%

  • au

    project Whykiki (Scoping) Source: 428,3 ths. t..
    grade: Au - 2,3 g/t
    grade: Cu - 0,85%

  • pb-zn

    project Kuiji (Scoping) Source: 2,3 mln. t.
    grade: Pb - 5,24%
    grade: Zn - 2,23%

  • coal

    project Sam (PFS) measured: 32,7 mln. t.
    Calculated: 105,68 mln. t.
    Source: 137,75 mln. t.

  • wo

    project Moli (PFS) Source (M&I):
    26,5 ths. t.. WO3

    grade: WO3 - 0.09%

  • cu

    project Arc (Ñòð-âî) Source:
    Oxidized ore: 31.4 thousand tonnes of Cu. Mixed ore: 25.4 thousand tonnes of Cu. Sulfide ore: 1.4 thousand tonnes of Cu.

  • fe

    project Lacus (Scoping) C1+C2: 9,5 mln. t.
    P1+P2: 34,8 mln. t.
    Source: 44,37 mln. t.

  • cu-zn

    project Sanchez (PFS) C1+C2: Cu - 12,7 ths. t..; Zn - 77,2
    ths. t..
    P1: Cu - 4,0 ths. t..; Zn - 6,2 ths. t..
    ths. t..
    Source: Cu - 16,7 ths. t..; Zn
    - 83,5 ths. t..

MANAGEMENT TEAM:

  • Valeriy Ospanov

    Managing partner

    Mr. Ospanov is a professional mining engineer with almost 40 years of experience in operational and strategic management of mining projects in both the private and public sectors.


    He is a co-founder of RCG.


    Previous experience also includes working in various senior positions in Kazakhstan production companies and government agencies. Mr. Ospanov is a Doctor of Technical Sciences with the Kazakh National Technical University named after Satpayev

    Valeriy Ospanov

    Managing partner

    Mr. Ospanov is a professional mining engineer with almost 40 years of experience in operational and strategic management of mining projects in both the private and public sectors.


    He is a co-founder of RCG.


    Previous experience also includes working in various senior positions in Kazakhstan production companies and government agencies. Mr. Ospanov is a Doctor of Technical Sciences with the Kazakh National Technical University named after Satpayev

  • Rustem Ospanov

    Managing partner

    Mr. Ospanov is a co-founder of RCG. Rustem Ospanov has structured a number of acquisitions of major mining assets, arranged IPOs and raised debt and equity financing for RCG's portfolio projects.


    At various times he held senior positions in RCG's exploration, construction, mining and processing portfolio business entities.


    He is a graduate of Warwick Business School and Imperial Business Schoo

    Rustem Ospanov

    Managing partner

    Mr. Ospanov is a co-founder of RCG. Rustem Ospanov has structured a number of acquisitions of major mining assets, arranged IPOs and raised debt and equity financing for RCG's portfolio projects.


    At various times he held senior positions in RCG's exploration, construction, mining and processing portfolio business entities.


    He is a graduate of Warwick Business School and Imperial Business Schoo

  • Konstantin Pisarchuk 

    Strategy advisor

    Mr. Pisarchuk has extensive experience in managing merger and acquisition projects in the mining and metals sector (over US$10 billion worth of closed transactions) and capital construction (he was responsible for investment budgets of over US$1 billion/year).   


    Konstantin Pisarchuk has over seven years of experience at international audit/consulting firms of the 'Big Four' in Moscow and New York; over ten years at Metinvest, a mining and metallurgy holding company, in the creation of which he took an active part; two years in charge of investment planning at ERG, the largest private metals and energy holding in Kazakhstan; and as Finance Director of a number of companies in Russia and the UAE.  


    Mr. Pisarchuk holds a number of international professional certificates from CFA, CPA, ACCA. He holds a Master of Science degree (with honors) from the Moscow Institute of Physics and Technology, and a Master of Economics degree from the University of Oregon, USA.

    Konstantin Pisarchuk 

    Strategy advisor

    Mr. Pisarchuk has extensive experience in managing merger and acquisition projects in the mining and metals sector (over US$10 billion worth of closed transactions) and capital construction (he was responsible for investment budgets of over US$1 billion/year).   


    Konstantin Pisarchuk has over seven years of experience at international audit/consulting firms of the 'Big Four' in Moscow and New York; over ten years at Metinvest, a mining and metallurgy holding company, in the creation of which he took an active part; two years in charge of investment planning at ERG, the largest private metals and energy holding in Kazakhstan; and as Finance Director of a number of companies in Russia and the UAE.  


    Mr. Pisarchuk holds a number of international professional certificates from CFA, CPA, ACCA. He holds a Master of Science degree (with honors) from the Moscow Institute of Physics and Technology, and a Master of Economics degree from the University of Oregon, USA.

  • Vladimir Tsoy

    Chief Legal Officer

    Mr. Tsoy specializes in legal support of exploration, mining, processing, metallurgical and construction projects. He has more than 20 years of experience in the legal support of projects, including obtaining environmental permits, M&A deals, Due Diligence and S&LP. Mr. Tsoy joined the team in 2025.

    Prior to that, he held key positions in large organizations, including legal support at the stages of construction and operation of mining, processing and energy complexes. He graduated from Kazakh Humanitarian Law University and is actively increasing his knowledge in the field of subsoil use, civil, environmental and labor law.

     

     

    Vladimir Tsoy

    Chief Legal Officer

    Mr. Tsoy specializes in legal support of exploration, mining, processing, metallurgical and construction projects. He has more than 20 years of experience in the legal support of projects, including obtaining environmental permits, M&A deals, Due Diligence and S&LP. Mr. Tsoy joined the team in 2025.

    Prior to that, he held key positions in large organizations, including legal support at the stages of construction and operation of mining, processing and energy complexes. He graduated from Kazakh Humanitarian Law University and is actively increasing his knowledge in the field of subsoil use, civil, environmental and labor law.

     

     

MANAGEMENT TEAM:

  • Igor Mikhalev

    Chief Technologist

    Mr. Mikhalev joined the RCG team in 2022. Mr. Mikhalev specializes in technologies for the preparation and advanced processing of coal, as well as other solid minerals, for RCG projects, starting with initial evaluation and ending with practical implementation.

    From 2006 to 2014, Mr. Mikhalev worked for Russian engineering companies specializing in advanced coal processing, rising from an ordinary engineer to Deputy General Director for Science. From 2014 to 2022, he worked at the largest Russian coal mining corporation SUEK, where, starting with the management of product quality control units in a regional production association (SUEK-Krasnoyarsk), he later led engineering and research work and a unique Experimental Center within the Corporate Design and Research Institute (SibNIIugleobogaschenie).

    In 2006, Mr. Mikhalev was awarded a Master of Engineering and Technology degree in Technical Physics, and in 2009 – a Doctor of Science degree in Industrial Thermal Power Engineering from Siberian Federal University (Russia). In 2018, he received his second higher education from the University of British Columbia (Canada) with a Master of Engineering degree in Mining and Mineral Processing.

     

    Igor Mikhalev

    Chief Technologist

    Mr. Mikhalev joined the RCG team in 2022. Mr. Mikhalev specializes in technologies for the preparation and advanced processing of coal, as well as other solid minerals, for RCG projects, starting with initial evaluation and ending with practical implementation.

    From 2006 to 2014, Mr. Mikhalev worked for Russian engineering companies specializing in advanced coal processing, rising from an ordinary engineer to Deputy General Director for Science. From 2014 to 2022, he worked at the largest Russian coal mining corporation SUEK, where, starting with the management of product quality control units in a regional production association (SUEK-Krasnoyarsk), he later led engineering and research work and a unique Experimental Center within the Corporate Design and Research Institute (SibNIIugleobogaschenie).

    In 2006, Mr. Mikhalev was awarded a Master of Engineering and Technology degree in Technical Physics, and in 2009 – a Doctor of Science degree in Industrial Thermal Power Engineering from Siberian Federal University (Russia). In 2018, he received his second higher education from the University of British Columbia (Canada) with a Master of Engineering degree in Mining and Mineral Processing.

     

  • Aleksey Menshikov

    Chief Mining Engineer

    Mr. Menshikov is an expert with more than 20 years of experience in the field of mine surveying and mining. His expertise covers the design of open-pit mining operations, field modeling, project support at the feasibility and operational stages, as well as the implementation of GMIS systems.

    Mr. Menshikov joined the team in 2019. Prior to that, he held senior positions in large mining enterprises in Kazakhstan, implementing projects in coal, iron ore and phosphate deposits.

    He graduated from Karaganda State Technical University and also has a specialized education in Mining.

    Aleksey Menshikov

    Chief Mining Engineer

    Mr. Menshikov is an expert with more than 20 years of experience in the field of mine surveying and mining. His expertise covers the design of open-pit mining operations, field modeling, project support at the feasibility and operational stages, as well as the implementation of GMIS systems.

    Mr. Menshikov joined the team in 2019. Prior to that, he held senior positions in large mining enterprises in Kazakhstan, implementing projects in coal, iron ore and phosphate deposits.

    He graduated from Karaganda State Technical University and also has a specialized education in Mining.

At RCG, we are developing a long-term career by investing in You. We created an environment that nurtures your professional development and self-realization. We believe that your success is the success of the company.

OPPORTUNITIES FOR GROWTH:

  • Management:

    Senior Project Manager

    Project Manager

    Project coordinator

    Project administrator

    Investment:

    Investment Manager

    Investment analyst

    Legal support:

    Project lawyer

    Senior lawyer

  • Financial support:

    Project accountant

    Accountant

    HR and administrative support:

    HR Manager,

    Recruiter,

    Administrative Manager

RCG would like to thank you for your interest in our company


  • RESOURCES CAPITAL GROUP

    Republic of Kazakhstan, Almaty, 210 Dostyk avenue, Koktem-Grand Business Center, 13th floor

    Phone: +7 727 330 98 91

    e-mail: info@rcg-ia.com

  • Investment department

    Republic of Kazakhstan, Almaty, 210 Dostyk avenue, Koktem-Grand Business Center, 13th floor

    Phone: +7 727 3318033

    e-mail: investors@rcg-ia.com

  • HR AND ADMINISTRATIVE DEPARTMENT

    Republic of Kazakhstan, Almaty, 210 Dostyk avenue, Koktem-Grand Business Center, 13th floor

    Phone: +7 727 3318011

    e-mail: y.savchenko@rcg-ia.com